Silver prices (XAG/USD) have seen a correction from their recent peak, retreating to approximately $62.00 during the Asian trading session on Thursday. Earlier in the day, the currency pair reached an all-time high of $62.87, reflecting strong bullish momentum in the market. This upward movement has been driven by increased demand for precious metals amid ongoing economic uncertainties.
Despite the pullback, the outlook for silver remains optimistic as traders continue to seek safe-haven assets. The current exchange rate indicates a resilient market sentiment, with investors closely monitoring potential catalysts that could influence future movements. As the USD fluctuates, market participants are likely to adjust their strategies in response to both domestic and global economic developments.
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Data Source: FX Killer Analysis Team Updated: 2025-12-11 04:09
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.